12 C.F.R. § 617.7110
How should a qualified lender disclose the cost of borrower stock or participation certificates?
The cost of borrower stock or participation certificates must be included in the effective interest rate calculation at the time the stock or participation certificate is purchased in connection with a loan transaction. For subsequent loans to existing borrowers, only the cost of new stock or participation certificates, if any, purchased in connection with a new loan or advance of new funds must be included in the effective interest rate calculation for the transaction.
Notes of Decisions
Cited in 1
case, 1991–1991 · leading case: Interstate Prod. Credit Ass'n v. Fireman's Fund Ins. Co., 944 F.2d 536 (9th Cir. 1991).
Interstate Prod. Credit Ass'n v. Fireman's Fund Ins. Co., 944 F.2d 536 (9th Cir. 1991). “12 C.F.R. § 617.7110 (a) (employee or director has a duty to report any irregularity or possible violation of Federal criminal statutes); Wooddale, Inc.”
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